ACC 557 TUTOR Great Stories /acc557tutor.com ACC 557 TUTOR Great Stories /acc557tutor.com | Page 11

$4,000
$5,000
$0
11 -Ethics are the standards of conduct by which one’s actions are
judged as
all of these.
honest or dishonest.
right or wrong.
fair or unfair.
12- Which of the following is not a reason one set of international
accounting standards are needed?
multinational corporations
mergers and acquisitions
information technology
all of these are reasons one set of international accounting
standards are needed.
13-Stockholders’ equity is decreased by all of the following except
expenses.
dividends.
sales of stock.
net losses.
14-The concern about international companies adopting SOX-
type standards centers on
the governing authorities.